Category Archives: Forex Education

Tokyo’s main index closes higher on the day – Session high 22,838.06 – Session low 22,682.39 ForexLive Asian shares are all buoyed today as the Fed offered little clues on stepping up their game in the tightening cycle during the Jackson Hole summit. That’s giving equity investors a reason to cheer as we begin the…

Add some news to your trading Forex trading or any type of CFD and non-derivative trading requires an immense amount data. The stereotypical image of a trader sitting in front of a six-screen array with the Wall Street Journal and the New York Times opened on their desk, exists for a reason.

Forex education from LegacyFX There are a number of different strategies that traders use to govern their actions or decision-making. One of the most effective is sentiment analysis, which reflects simply understanding the current mood of the market.

Have a glass of water (or a cherry coke) Feeling thirsty? You should probably avoid making decisions and complex mental tasks. We know that dehydration affects physical performance but a new from the Georgia Institute of Technology shows how it diminishes mental acuity as well.

Seven tips for getting the most out of the summer market It was Ella Fitzgerald who performed the song ‘Summertime’. The iconic opening lyrics are, of course, ”. Well may be easier during the summer months, but trading can often be more challenging.

Forex education from LegacyFX In its most basic form, technical analysis is the way that a trader times their entry into the market. Technical analysis provides a way for traders to define what their risk will be on any given trade, as well enabling them to limit that risk.

Tough resistance above. Can interim support be broken? The GBPUSD moved up to test the 200 hour MA and the 50% retracement of the move down from the July 9 high. That area now comes in at 1.3148-58 (the 200 hour MA was higher earlier). The high for the day reached 1.31577 – right under…

Forex education from LegacyFX There are multiple different techniques that go into deciphering markets. One of the most common and effective of these strategies is fundamental analysis. Fundamental analysis is simply the ability to understand why the market is moving in a certain direction.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. This website is neither a solicitation nor an offer to Buy or Sell currencies, futures, or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.